Analysis: Currencies

US, Russia explore ways to restore Russian gas flows to Europe, sources say

LONDON/MOSCOW -With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the...

Bank of England set to cut rates amid worries about Trump tariff fallout

LONDON -The Bank of England is poised to extend its slow run of interest rate cuts on Thursday with investors watching for any signs that it could soon pick up the pace as U.S. President Donald...

Exclusive-Ukraine considers shift from dollar to euro amid geopolitical realignments

Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central...

Slovakia and Hungary reject EU plan to phase out Russian gas by end-2027

Slovakia and Hungary on Wednesday condemned European Commission plans to phase out Russian gas and other energy imports, deepening a rift with Brussels over relations with Moscow. The EU...

US, China move towards trade talks, but a deal seems distant

A look at the day ahead in European and global markets from Tom Westbrook After a few weeks buying the rumour of U.S.-China de-escalation, markets gave a lukewarm welcome to news that...

Trading Day: Absent tariff clarity, nerves fray

TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Deep uncertainty, thin patience Investors...

Russia expecting scrappage fee shortfall as car market struggles

Russia expects its revenues from car scrappage fees to fall well short of budgeted levels this year, Finance Minister Anton Siluanov told reporters on Tuesday, which could lead some projects being...

What's in the UK-India trade deal?

LONDON -Britain and India clinched a long-coveted free trade pact on Tuesday after tariff turmoil sparked by U.S. President Donald Trump forced the two sides to hasten efforts to increase their trade...

Sterling gains on dollar and euro

LONDON -The pound strengthened against both the dollar and the euro on Tuesday, largely due to weakness in both peers rather than major British news, which is fairly thin until Thursday's closely...

Euro zone economic growth slows in April, services near stagnation, PMI shows

The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile, a survey...

Portugal's Novo Banco quarterly profit falls on lower interest margin

LISBON -Portugal's fourth-largest lender Novo Banco, which is preparing for an initial public offering, said on Tuesday its first-quarter net profit fell 1.9% to 177.2 million euros due to growing...

Russia's Rosatom sues Finnish firms $2.8 billion over nuclear plant contract

MOSCOW -Russia's Rosatom has filed a lawsuit in Moscow against Finland's Fortum and Outokumpu, demanding 227.8 billion roubles in compensation for losses over the termination of a contract for the...

Taiwan dollar's record rally is a trade-war tremor

SINGAPORE/TAIPEI -An unprecedented two-day surge in Taiwan's currency is the latest leg of a scramble out of the U.S. dollar and signal of disquiet in markets as U.S. President Donald Trump's trade...

Spain must raise defence spending to 3% of GDP, says EU defence chief

MADRID -Spain will have to raise defence spending to 3% of gross domestic product, the European defence commissioner said in a newspaper interview published on Saturday, as European countries bend to...

Exclusive-Europe to hand billions in frozen Russian cash to Western investors, sources say

BRUSSELS -Euroclear plans to seize and redistribute about 3 billion euros of Russia's funds that are frozen at the Belgian clearing firm after Moscow grabbed investor cash in Russia, according to...

Sterling edges up against weaker dollar ahead of key U.S. data

Sterling edged up against a weaker dollar on Friday, staying near a three-year high scaled earlier in the week as the U.S. currency lost ground over U.S. President Donald Trump's announced sweeping...

US dollar retreats, but off lows, after solid jobs report

The U.S. dollar fell on Friday, but trimmed losses against the euro and yen, after data showed the world's largest economy added more new jobs than expected last month, reflecting a labor market that...

Sterling steady against dollar and euro, manufacturing activity shrinks

LONDON -Britain's pound was steady against the dollar on Thursday but remained close to a three-year high reached earlier in the week as investors shunned the U.S. currency in the wake of U.S....

Russia hikes 2025 deficit forecast threefold due to low oil price risks

MOSCOW -Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product on Wednesday from 0.5% after reducing the energy revenues forecast by 24% due to...